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Friday, 06/16/2023 9:36:44 PM

Friday, June 16, 2023 9:36:44 PM

Post# of 436
(Reuters) -Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq's minimum bid price requirements.
Nasdaq requires shares trade above $1 and sends a notice when a company trades below that mark for 30 consecutive business days.
Companies then have a 180-day period within which the stock has to trade above $1 for at least 10 consecutive days to comply with the rules, although a second 180-day period can be granted if they meet other requirements.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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